If you’re interested in real estate investing, and if you’ve wondered how to assemble an all-star team, today’s episode is for you.
I’m hosting another edition of Ask Paula, in which I tackle three audience-submitted questions about building a team as a real estate investor.
Salome from Cincinnati asks:
Who are the people I’ll need on my real estate team? How much will I spend in paying them? And how can I find them?
Doug from Louisiana asks:
I’ve saved $20,000 as the downpayment on a rental property. Should I use this money? Or should I look for a loan that can cover a larger chunk of the financing?
Also, how should I look for a tenant? Should I handle this myself, or hire a property manager?
Patricia from California asks:
I live in Bay Area. I cannot buy a house here. I want to buy a rental property in Baton Rouge, Louisiana, and I’ve identified the specific property/neighborhood in which I want to invest. How can I start assembling a team from out-of-state?
P.S. Have a question you want answered? Leave it as a voicemail here.
P.P.S. Want the name of my insurance agent, property manager, or anyone else on my rental property team (other than my contractor)? Please email erin [at] affordanything [dot] com.
Also – Need software to manage your rental properties? Collect applications, screen tenants, and collect rent online with Cozy.co/Paula.
Thanks to our sponsor, Freshbooks!
You’re busy. You don’t need to junk up your schedule with mundane tasks.
Here’s a question: if you’re an entrepreneur or someone with a side hustle, how much time do you spend organizing invoices, chasing your clients down for late payments, and messing with receipts and reimbursements?
Yeah — more than you’d like to.
Save time by using Freshbooks, an easy-to-use, cloud-based accounting system that takes the stress and hassle out of bookkeeping and, especially, invoicing. You can create an invoice in a few seconds, and Freshbooks’ automated system will handle the rest. They’ll help you get paid faster, with less hassle.
Wanna try them for free?
Visit Freshbooks.com/paula for a free 30-day trial. Please mention this show when they ask how you heard about them.